PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Waycross Partners LLC

Waycross Partners LLC boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 39.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 147,431 shares of the credit services provider's stock after buying an additional 41,619 shares during the quarter. PayPal makes up approximately 1.6% of Waycross Partners LLC's investment portfolio, making the stock its 29th biggest holding. Waycross Partners LLC's holdings in PayPal were worth $12,583,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PYPL. Relyea Zuckerberg Hanson LLC grew its holdings in PayPal by 113.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider's stock worth $638,000 after purchasing an additional 3,976 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of PayPal during the third quarter valued at $387,435,000. United Advisor Group LLC purchased a new stake in shares of PayPal during the third quarter valued at $810,000. FCG Investment Co purchased a new stake in shares of PayPal during the third quarter valued at $1,079,000. Finally, Equity Investment Corp grew its holdings in shares of PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider's stock valued at $155,927,000 after buying an additional 67,497 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $100.00 price objective on shares of PayPal in a report on Thursday, December 12th. Susquehanna boosted their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a report on Monday, January 6th. BMO Capital Markets boosted their price objective on shares of PayPal from $73.00 to $82.00 and gave the company a "market perform" rating in a report on Wednesday, October 30th. Canaccord Genuity Group boosted their price objective on shares of PayPal from $80.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, Bank of America upgraded shares of PayPal from a "neutral" rating to a "buy" rating and boosted their target price for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Thirteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, PayPal has a consensus rating of "Moderate Buy" and an average price target of $90.52.

PayPal Trading Down 3.5 %

Shares of PYPL stock traded down $2.68 during trading hours on Friday, hitting $74.95. The company had a trading volume of 15,156,060 shares, compared to its average volume of 11,485,007. The company's fifty day moving average is $85.50 and its 200 day moving average is $80.53. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The stock has a market capitalization of $74.14 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.48 EPS. Research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

PayPal Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.